In a recent report, analysts at Stifel updated their outlook and lowered price targets for four stocks. The analysts provided brief explanations for their lowered expectations.
Cloud Peak Energy Inc. CLD 4.86%
Analysts lowered their price target for Buy-rated Cloud Peak Energy from $19.00 to $16.00 based mostly on lowered export pricing expectations for 2015. The company handily beat Q4 earnings per share projections, reporting $0.26 versus consensus forecasts of $0.08. Stifel lowered its 2015 EBITDA projection for the company from $176 million to $155 million.
National Health Investors Inc NHI 1.49%
Analysts lowered their price target for Buy-rated National Health from $83.00 to $80.00 based on 10-year Treasury interest rates. Analysts continue to praise management’s investment discipline and relative growth out-performance. They believe that recent stock underperformance relative to peers offers a buying opportunity for investors looking to capitalize on the $80 price target upside.
Ultra Clean Holdings Inc UCTT 1.93%
Analysts lowered their price target for Buy-rated Ultra Clean from $15.00 to $13.00 based on the belief that 2015 will be a “transitional year” for the company’s non-semis business. Analysts were surprised by the recent announcement that the company will no longer be the supplier for Intuitive Surgical, Inc.’s ISRG 0.27% new product. However, overall, analysts see strong, sustainable growth in the semis business.
Veeco Instruments Inc. VECO 4.98%
Analysts lowered their price target for Buy-rated Veeco from $45.00 to $40.00 based on weak March outlook. The company beat Q4 consensus earnings expectations, and analysts believe that the low March guidance could be the result of deferred revenues related to the company’s new EPIK700 product.
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